China Oilfield Services (OTCMKTS:CHOLF) Stock Jumps 10.5% – Should You Buy?

China Oilfield Services Limited (OTCMKTS:CHOLF – Get Free Report)’s stock price traded up 10.5% on Monday. The stock traded as high as $0.9684 and last traded at $0.9684. Approximately 100 shares were traded during mid-day trading, a decline of 89% from the average session volume of 882 shares. The stock had previously closed at $0.8767.

Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on shares of China Oilfield Services in a research note on Wednesday, September 23rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, China Oilfield Services presently has an average rating of “Buy”.

Read Our Latest Research Report on China Oilfield Services

China Oilfield Services Price Performance

The business has a 50-day moving average of $0.90 and a 200 day moving average of $1.01.

About China Oilfield Services

(Get Free Report)

China Oilfield Services Limited (OTCMKTS:CHOLF), commonly known as COSL, is an oilfield services company headquartered in China. It provides technical and operational support to oil and gas companies throughout the exploration, development and production phases of offshore and onshore projects. COSL is a subsidiary of China National Offshore Oil Corporation (CNOOC).

The company’s principal activities include drilling services, well services, marine support, geophysical exploration and engineering technology.

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